The Wyckoff Wave Showing Very Little Volatility

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The Wyckoff Wave closed up slightly for the week.  Volume was lower in holiday trading.
The O-P was up down for the week.
The Force Index was down as well.
The Technometer is still at deeply oversold readings.


The OP is performing slightly weaker then the Wyckoff Wave.  This is what continues to give us our oversold Technometer readings.

The Wyckoff Wave continues trading sideways at the resistance line.
The Technometer spent all week at oversold levels.  We would have expected a bounce, but thus far have not had one.
The Wyckoff Wave had perfect opportunity to rally and has just continued to quietly trade sideways.  We will be on the lookout for a turn higher but for now, we think we could work lower in line with the Wyckoff Wave Growth Index. (WWG).

The Wyckoff Wave Growth Index (WWG) traded nicely higher for the week once again.
The Technometer is still near overbought levels, and with Fridays reversal we would expect some continued weakness for now.

The SPY also finished the week higher, and set another new high for the move.
The Technometer is still near oversold.  We think with Fridays reversal, we could see a continued reaction this coming week.  We will monitor the situation closely for some buy entries.
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The bond market rallied slightly for the week as expected.
We expected a nice rally in bonds after what appeared a successful test of the spring.  The rally was slow, but stocks also worked higher which probably did not help the situation for bonds to rally.
The Technometer registered overbought on Friday, so we expect we might need more testing to the downside, if this rally cannot gain footing Monday morning.

The GDX finished the week strongly higher in line with our expectations.
Our proprietary indicators gave us a perfect bullish setup in this market, and got our ProTraders in a long position as marked on the charts.
Now we have a very overbought Technometer, which could slow the rally.  We would think we could therefore have a short term correction to relieve the overbought condition, before we can move higher once again.

The long dollar ETF, UUP had selling come in all week, which our overbought Technometer warned us about.
It appears support could give away here in the near future.

ULTA was up slightly for the week.  We are monitoring this issue for a possible buy after our recent successful trade.

IMPORTANT ANNOUNCEMENT:  Our “Pulse of The Market” charting software for Cryptocurrrencies is now working.  This software has consolidated volume for the Crypto’s which is utmost important when applying Wyckoff Technical Analysis.   We are showing this software in use on our social media sites. 
We have recently started a Discord channel where we discuss the Crypto markets.  We have had huge success and if you trade Bitcoin you might like monthy access at $40 a month.
Due to the demand for Bitcoin/Cryptocurrency information and trading knowledge, we released a Cryptocurrency and Wyckoff Trading Course at our site,   This course is being offered at an affordable $299.99.  We have had 990 students enroll since its launch on June 22, 2017.   On June 28th we added lessons detailing the OP, Force, and Technometer and how to use these Wyckoff Tools for analysis.
If you are interested in Wyckoff stock chart analysis as well as Crptocurrency, search “Learn Crypto / Wyckoff SMI” or click this link
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Good Trading,

Todd Butterfield

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